With No Bipartisan Leadership, CFTC ‘Won't Slow Down‘ on Rulemaking
Cointelegraph
CFTC Chair Michael Selig stated the agency will continue its rulemaking process despite a lack of bipartisan commission leadership.Summary
CFTC Chair Michael Selig has affirmed that the agency will maintain its current rulemaking pace, including regulations for digital assets and prediction markets, despite operating without a full bipartisan panel of commissioners. During a House Agriculture Committee hearing, Selig rejected calls to pause operations, citing his duty to ensure market safeguards and investor protections. Lawmakers expressed concerns regarding the agency's unilateral decision-making and its aggressive stance on asserting exclusive jurisdiction over prediction market platforms like Kalshi and Polymarket, which face state-level scrutiny.
(Source：Cointelegraph)